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Tim Hall:
Licensed Real Estate Broker, actively selling since 1993. Co-founder of Re/Max Central Properties, with my wife, Bell Hall, and team-leader for a team of 7. BA from Capital University and a US Navy Veteran CU-60 U.S.S. Saratoga. Father of 3 - Alicia, Erica, and Amber; and grandfather of 1, Ava.
Home > Blogs > Greater Dayton Home Report > Archives > 2008 > April > 22
Tuesday, April 22, 2008
Can I raise my home’s value?
One of the more common questions that homeowners ask is: “Which home improvements make the biggest difference in the price we can get for a property?”
Good question! Unfortunately, while average dollar amounts and average percentages can’t tell you about your home in particular, they can give you a pretty good idea.
Basically - within limits - anything that increases the home’s size and attractiveness to the general buying public will increase its value. The limits have to do with the initial value of the home (you aren’t going to double it) and with the neighborhood.
Room additions - with proper building permits - tend to get you back all your money when they look like the rest of the house. Those that look “added on” usually don’t fare as well, and rooms not built to code or with the proper permits mean trouble.
Extra bathrooms, quality kitchen cabinets and upgrades, new roofs, roomy closets that don’t reduce the square footage of the house, exterior paint, light-colored or neutral interior paint and small-print wallpaper (sometimes) tend to get you back more than you spent. Watered and treated lawns, a clean driveway (use oil remover) and colorful plants in front are always a big plus. Also, a selection (not a jungle) of healthy house plants usually helps. And anything that makes your bedrooms look bigger is a good idea: for instance, mirrors on closet doors where approriate, light window treatments, or tasteful, sparse furnishings.
Usually, you can hope to break even on new carpets, swimming pools, fireplaces, cabinets, custom curtains and specially blended wall paints.
I do hope this gives you some ideas you can use! Want more tips or an estimate of your home’s value? Shoot and email to info@timhallteam.com and we’ll get right to it!
